Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Budapest Stock ExchangeBUD:BET +0.84%18 Return-on-Tangible-Equity is 18.23% as of Mar. 2026, which is 26% below its 10-year median of 24.79. GuruFocus rates BUD:BET with a GF Score™ of 18/100. The stock has 3 warning signs investors should review. Among 783 Capital Markets companies, Budapest Stock Exchange ranks better than 86.08% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Budapest Stock Exchange's annualized net income for the quarter that ended in Mar. 2026 was Ft6,556 Mil. Budapest Stock Exchange's average shareholder tangible equity for the quarter that ended in Mar. 2026 was Ft35,964 Mil. Therefore, Budapest Stock Exchange's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 18.23%.
The historical rank and industry rank for Budapest Stock Exchange's Return-on-Tangible-Equity or its related term are showing as below:
BUD:BET'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -1.35 Med: 24.79 Max: 32.16
Current: 31.7
During the past 6 years, Budapest Stock Exchange's highest Return-on-Tangible-Equity was 32.16%. The lowest was -1.35%. And the median was 24.79%.
BUD:BET's Return-on-Tangible-Equity is ranked better than 86.08% of 783
companies
in the Capital Markets industry
Industry Median: 6.45
vs BUD:BET: 31.70
Budapest Stock Exchange (BUD:BET) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Budapest Stock Exchange Return-on-Tangible-Equity Related Terms
Budapest Stock Exchange Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Budapest Stock Exchange's Return-on-Tangible-Equity can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Budapest Stock Exchange Return-on-Tangible-Equity Chart
BUD:BET vs SPGI, CME, MCO: Return-on-Tangible-Equity Comparison
For the Financial Data & Stock Exchanges subindustry, Budapest Stock Exchange's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Budapest Stock Exchange Return-on-Tangible-Equity vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Budapest Stock Exchange's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Budapest Stock Exchange's Return-on-Tangible-Equity falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 18.23% mean?
Budapest Stock Exchange (BUD:BET) has a Return-on-Tangible-Equity of 18.23% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Budapest Stock Exchange and its competitors. This is 26% below median its historical median of 24.79. According to the industry distribution chart, Budapest Stock Exchange ranks #109 out of 783 companies in the Capital Markets industry, placing it in the top 13.9%.
Is Budapest Stock Exchange's Return-on-Tangible-Equity too high?
Budapest Stock Exchange's current Return-on-Tangible-Equity of 18.23% is 26% below median its 10-year median of 24.79. The Capital Markets industry median Return-on-Tangible-Equity is 6.45. Budapest Stock Exchange's value of 18.23% is 182.6% above this industry median. Based on the distribution chart, Budapest Stock Exchange ranks #109 out of 783 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Budapest Stock Exchange has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Budapest Stock Exchange's Return-on-Tangible-Equity compare to SPGI and CME?
According to the Capital Markets industry distribution chart, Budapest Stock Exchange ranks #109 out of 783 companies for Return-on-Tangible-Equity. This places Budapest Stock Exchange in the top 14% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 6.45. Budapest Stock Exchange's value of 18.23% is 182.6% above this benchmark. While the company's 10-year median is 24.79 vs. the industry median of 6.45, Budapest Stock Exchange has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Equity for a Capital Markets company?
The median Return-on-Tangible-Equity among Capital Markets companies is 6.45, based on 783 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Budapest Stock Exchange's current Return-on-Tangible-Equity of 18.23% is 182.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Budapest Stock Exchange and its competitors. For the Capital Markets industry, the median Return-on-Tangible-Equity is 6.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Budapest Stock Exchange's current Return-on-Tangible-Equity is 18.23%, which is 26% below median its own 10-year median of 24.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Budapest Stock Exchange stock overvalued right now?
Budapest Stock Exchange (BUD:BET) has a current Return-on-Tangible-Equity of 18.23%. The current Return-on-Tangible-Equity is 18.23%, which is 26% below median its 10-year median of 24.79 and 182.6% above the Capital Markets industry median of 6.45. Budapest Stock Exchange's overall GF Score™ is 18/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Budapest Stock Exchange (BUD:BET), the current Return-on-Tangible-Equity is 18.23% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Budapest Stock Exchange PLC is engaged in the money and capital markets in Hungary. The Company provides corporations with opportunities to raise capital and offers investors a wide range of investment instruments. Its activities include listing services, trading services, dissemination of market information, and product development. The Company is a central player in the domestic money and capital market, providing financial resources to companies and promoting their development through financing via the capital sector, while enabling investors to participate in the growth of Hungarian companies and the domestic economy.
18GF Score
Get the complete analysis for BUD:BET
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BUD:BET has been successfully added to your 
